July 2024 – Page 31 – UAG Trade Asia

Oil Prices Ease on Slowing China Demand, Falling US Inventories Cap Losses

July 17, 2024
Oil
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SINGAPORE, July 17 Reuters Oil prices eased on Wednesday, with global benchmark Brent hovering near a onemonth low hit in the prior session on signs of weakening demand in China, although losses were capped by declining U.S. oil stockpiles. Brent crude oil futures fell 15 cents, or 0.2, to 83.58 a barrel by 0620 GMT. […]

FTSE 100 holds support, while Dax struggles, but Dow surges to fresh highs

The Dow has enjoyed a strong week so far, surging towards 41,000, while the FTSE 100 is holding above support. Meanwhile, the Dax is coming under pressure.

July 17, 2024
Finance
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Fed39;s Kugler cautiously optimistic inflation headed to 2 target Traders see 25 basis points Fed rate cut in September Next immediate target for gold is 2,500 range analyst Silver down more than 1 July 17 Reuters Gold prices rose to an alltime peak on Wednesday, driven by mounting hopes of a U.S. interest rate cut […]

July 17, 2024
Business
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NEW YORK, July 16 Reuters LL Bean has been sued by footwear maker Skechers USA, which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions. According to a complaint filed late Monday in Manhattan federal court, the world39;s thirdlargest footwear company believes LL Bean39;s Freeport casual […]

July 17, 2024
Politics
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BERLIN, July 16 Reuters The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers39; imports of Chinamade EVs, two sources with knowledge of the matter said. The European Commission was willing to classify the two carmakers as 39;cooperating companies39;, the sources said, making them eligible for a 20.8 […]

July 16, 2024
Finance
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US retail sales data due at 1230 GMT Gold ETFs saw inflows last week WGC LONDON, July 16 Reuters Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold gained […]

July 16, 2024
Finance
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July 16 Reuters Cold storage real estate investment trust Lineage said on Tuesday it was targeting a valuation of up to 19.16 billion in its initial public offering in the United States. The REIT, backed by private equity firm Bay Grove Capital, is aiming to raise up to 3.85 billion by offering 47 million shares […]

July 16, 2024
Uncategorized
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Chief cabinet secretary warns against excessive yen volatility Data shows Japan may have spent 13.5 bln in intervention Friday Japan may have bought 6 trln yen in 2day intervention last week Analysts see similarities to suspected May 1 yen intervention TOKYO, July 16 Reuters Japan stands ready to take all possible measures to counter excessively […]

July 16, 2024
Uncategorized
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WASHINGTON, July 16 Reuters U.S. import prices were unchanged in June as lower prices for energy products offset a rebound in the cost of food, the Bureau of Labor Statistics said on Tuesday. The flat reading in import prices followed a 0.2 drop in May. Economists polled by Reuters had expected import prices, which exclude […]

July 16, 2024
Uncategorized
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WASHINGTON, July 16 Reuters U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment contributing to economic growth in the second quarter. Inventories rose 0.5 after climbing 0.3 in April, the Commerce Department39;s Census Bureau said on Tuesday. Economists […]

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Oil Prices Ease on Slowing China Demand, Falling US Inventories Cap Losses

FTSE 100 holds support, while Dax struggles, but Dow surges to fresh highs

Gold Soars to Record as US RateCut Bets Burnish Appeal

Skechers Sues LL Bean for Copying Shoe Design

Brussels may Rethink China EV Import Tariffs for Volkswagen, BMW, Sources

Gold Rises with US Rate Cut Optimism, Approaching its May Record High

Cold Storage REIT Lineage Seeks Up to 19.2B Valuation in US IPO

Japan Keeps Up Yen Warnings; 6Tn Yen, 2Day Intervention Suspected

US Import Prices Flat in June

US Business Inventories Increase Slightly above Expectations in May

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